MIRA INFORM REPORT

 

 

Report Date :

15.10.2014

 

IDENTIFICATION DETAILS

 

Name :

ABDERRAHMAN MOHAMMED MOHAMEDI

 

 

Registered Office :

C/Antonio Albertu Crotnez 35 Melilla 52005

 

 

Country :

Spain

 

 

Financial as on :

2013

 

 

Date of Incorporation :

01.01.2004

 

 

Legal Form :

Proprietorship / Self-employed

 

 

Line of Business :

Wholesale of coffee, tea, cocoa and spices

 

 

No. of Employees :

05

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Spain

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SPAIN - ECONOMIC OVERVIEW

 

Spain experienced a prolonged recession in the wake of the global financial crisis. GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. Economic growth resumed in late 2013, albeit only modestly, as credit contraction in the private sector, fiscal austerity, and high unemployment continued to weigh on domestic consumption and investment. Exports, however, have been resilient throughout the economic downturn, partially offsetting declines in domestic consumption and helped to bring Spain's current account into surplus in 2013 for the first time since 1986. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, straining Spain's public finances as spending on social benefits increased while tax revenues fell. Spain’s budget deficit peaked at 11.4% of GDP in 2009. Spain gradually reduced the deficit to just under 7% of GDP in 2013, slightly above the 6.5% target negotiated between Spain and the EU. Public debt has increased substantially – from 60.1% of GDP in 2010 to 93.4% in 2013. Rising labor productivity, moderating labor costs, and lower inflation have helped to improve foreign investor interest in the economy and to reduce government borrowing costs. The government's ongoing efforts to implement reforms - labor, pension, health, tax, and education - are aimed at supporting investor sentiment. The government also has shored up struggling banks exposed to Spain's depressed domestic construction and real estate sectors by successfully completing an EU-funded restructuring and recapitalization program in December 2013

 

Source : CIA

 

 

 

 

Company name and address

 

 

Name

 

ABDERRAHMAN MOHAMMED MOHAMEDI

 

NIF / Fiscal code:

 

45298121N

 

Legal form:

 

Proprietorship / Self-employed

 

Status:

 

Active

 

Telephone:

 

952673031

 

Activity:

 

 

NACE:

 

4637 - Wholesale of coffee, tea, cocoa and spices

 

Size:

 

Medium

 

Commercial scope:

 

Provincial

 

Import / export:

 

Import: No, Export: No

 

 

Employees

 

.

 

Financial Year

 

Number of Employees

 

.

 

.

 

2014

 

5

 

.

 

 

Legal Claims:

 

No

 

Business trend:

 

Stable

 

Prospects:

 

Business Consolidation

 

Industry situation:

 

Maturity

 

 

Economic-financial data

 

.

 

Financial Year

 

Turnover

 

.

 

.

 

2013

 

14000000

 

.

 

 

Total investments:

 

420000

 

Unit:

 

Euros

 

Guarantees:

 

 

Properties Registered:

 

YES

 

Type of professional premises:

 

Owned

 

INVESTIGATION SUMMARY

 

Business initiated in 2004, engaged in the wholesale of food products. It has 5 employees.

 

 

Enquiry Details

 

 

NIF / Fiscal code

 

00000000T

 

Name

 

ABDERRAHMAN MOHAMMED MOHAMEDI

 

Address

 

C/ANTONIO ALBERTU CROTNEZ 35

 

City

 

MELILLA

 

Province

 

MELILLA

 

Postcode

 

52005

 

Telephone

 

000000000

 

 

 

IDENTIFICATION

 

Company name / Name of the subject

 

ABDERRAHMAN MOHAMMED MOHAMEDI

 

Legal form

 

Proprietorship / Self-employed

 

NIF / Fiscal code

 

45298121N

 

Status

 

Active

 

Start of activity

 

01/01/2004

 

Name of the maximum responsible

 

ABDERRAHMÁN MOHAMMED MOHAMEDI

 

City

 

Avenida Europa, 63

 

Province

 

Melilla

 

Postcode

 

Melil

 

Type of premises

 

Owned

 

Telephone

 

952673031

 

Other former or related addresses

 

Mobile phone: 609069916 It has another warehouse at calle General Astilleros, 56, of 512 square metres, and another one at calle Antonio Zea, 10, of 325 square metres, both believed to be owned by the subject. At calle Antonio Alberto Gómez, 35, private domicile.

 

 

ACTIVITY

 

NACE

 

4637

 

Description of the NACE code

 

Wholesale of coffee, tea, cocoa and spices

 

Comment about the activity

 

It is engaged in the wholesale of spices, legumes and nuts. At the mentioned address, it has a warehouse of 300 square metres, believed to be owned by the subject.

 

Franchise

 

No

 

% Provincial commercial scope

 

100%

 

Business size

 

Medium

 

Import

 

No

 

Export

 

No

 

Industry situation

 

Maturity

 

Business trend

 

Stable

 

Prospects

 

Business Consolidation

 

 

Employees

 

Year

 

Number of Employees

 

Fixed employees %

 

Part time employees %

 

2014

 

5

 

 

 

 

The business has 5 employees besides the owner.

 

 

LEGAL CLAIMS

 

It has not been possible to confirm if there are judicial indicences against the subject.

 

 

Banks

 

Bank name

 

Branch

 

Address

 

Telephone

 

Banco Popular Español

 

Melilla

 

 

 

Banco Santander

 

Melilla

 

 

 

 

 

Suppliers

 

Name

 

NIF / Fiscal code

 

Telephone

 

Fax

 

% about purchases

 

Sierra Vidal

 

 

 

 

%

 

Prines

 

 

 

 

%

 

 

FINANCIAL DATA 2013

 

(Information given by the subject)

Data in: Euros

 

 

ASSETS

 

 

LIABILITIES

 

Tangible fixed assets

 

 

 

Capital

 

 

Transport

 

 

 

Long term creditors

 

 

Machinery and fittings

 

50000

 

 

Long term debts with Banks

 

 

Buildings and constructions

 

320000

 

 

Short term creditors

 

12000

 

Intangible fixed assets

 

 

 

Short term debts with credit entities

 

 

Stock

 

40000

 

 

 

 

Debtors

 

 

 

 

 

Cash

 

10000

 

 

 

 

TOTAL ASSETS

 

420000

 

 

TOTAL LIABILITIES

 

420000

 

WORKING CAPITAL

 

 

 

 

 

 

SALES EVOLUTION

 

 

Financial Year

 

 

 

 

 

Financial Year 2013

 

 

14000000

 

 

 

Financial Year

 

 

 

 

INVESTIGATION SUMMARY

 

Business initiated in 2004, engaged in the wholesale of food products. It has 5 employees.

 

 

CONSULTED SOURCEs

 

Investigation and the subject.

 

 

iNTERVIEWED PERSON

 

The owner

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.11

UK Pound

1

Rs.98.15

Euro

1

Rs.77.68

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIS

 

 

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.